Arts lose £160m to cover cost of Olympics

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The Heritage Lottery Fund will lose more than £160 million between 2009 and 2012 to help pay for the London Games.

But the report by the Public Accounts Committee suggests the HLF itself should and could do more to make its money go further and it should test whether money could be raised from other sources. It should also be better about confronting projects which were not being delivered on time and on budget. A quarter of projects were delivered late and a sixth were over budget.

Unveiling its findings, Edward Leigh MP, the committee chairman, said the Heritage Lottery Fund would find its funding cut sharply because of the Olympics. "The fund will have to work hard to make ends meet... [and] should look harder at whether applicants have exhausted other sources of funding," he said.

The Public Accounts Committee report also said under-represented groups needed to be encouraged to raise funds. "There is a risk that those groups best equipped to prepare good quality applications will tend to get the lion's share of the money," the report said.

The Heritage Lottery Fund anticipates that as a result of the cuts, it will make around £180 million a year in grants from 2009 instead of an average of £325 million to date.

Carole Souter, the HLF's director, told the committee: "We have made clear [to Government] that the needs of heritage outstrip even the funds we have available already."